African Nations Spend $90 Billion Annually on Debt Servicing, Kenya Report Finds

A Kenyan government analysis reveals that the continent pays $90 billion yearly to service debts, including a $75 billion risk premium that exceeds combined aid and climate finance inflows.

28 Aug, 21:25 — 28 Aug, 21:25

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Premium TimesMostly Factual3d ago

Africa spends $90bn yearly servicing debt, pays $75bn risk premium — Kenya govt

“Africa pays $90 billion a year in debt service. That is more than aid and climate finance combined,” Mr Sing’oei said. The post Africa spends $90bn yearly servicing debt, pays $75bn risk premium — Kenya govt appeared first on Premium Times Nigeria.

By Emmanuel Agbo

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African Nations Spend $90 Billion Annually on Debt Servicing, Kenya Report Finds

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Africa spends $90bn yearly servicing debt, pays $75bn risk premium — Kenya govt

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